CoreLogic Delivers Record Quarterly Revenue and Strong Double

CoreLogic Delivers Record Quarterly Revenue and Strong Double Digit Growth in Operating Income, Margins and Cash Flow

CoreLogic, Inc. Condensed Consolidated Balance Sheets (Unaudited)

(in thousands, except par value)	September 30,			December 31,
Assets	2020			2019
Current assets:
Cash and cash equivalents	$	302,329		$	104,162
Accounts receivable (less allowance for credit losses of $9,188 and $6,937 as of September 30, 2020 and December 31, 2019, respectively)	279,492			247,683
Prepaid expenses and other current assets	84,595			53,105
Assets of discontinued operations	207,791			201,986
Total current assets	874,207			606,936
Property and equipment, net	407,228			424,670
Operating lease assets	86,489			65,825
Goodwill, net	2,298,876			2,286,896
Other intangible assets, net	334,363			375,629
Capitalized data and database costs, net	314,399			308,409
Investment in affiliates, net	1,121			16,666
Other assets	76,787			74,250
Total assets	$	4,393,470		$	4,159,281
Liabilities and Equity
Current liabilities:
Accounts payable and other accrued expenses	$	190,997		$	139,511
Accrued salaries and benefits	91,763			83,418
Dividends payable	—			17,374
Contract liabilities, current	401,986			320,634
Liabilities of discontinued operations	50,497			42,708
Current portion of long-term debt	21,382			56,022
Operating lease liabilities, current	16,245			18,058
Total current liabilities	772,870			677,725
Long-term debt, net of current	1,548,785			1,610,538
Contract liabilities, net of current	584,907			563,190
Deferred income tax liabilities	67,171			92,783
Operating lease liabilities, net of current	103,293			85,139
Other liabilities	193,705			178,696
Total liabilities	3,270,731			3,208,071

Stockholders' equity:
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding	—			—
Common stock, $0.00001 par value; 180,000 shares authorized; 79,545 and 78,972 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	1			1
Additional paid-in capital	135,267			111,000
Retained earnings	1,185,904			1,006,992
Accumulated other comprehensive loss	(198,433		)	(166,783		)
Total stockholders' equity	1,122,739			951,210
Total liabilities and equity	$	4,393,470		$	4,159,281

Please refer to the full Form 10-Q filing for the complete financial statements and related notes that are an integral part of the financial statements.

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